2019-05-01T16:28:42-05:00 2018-06-30 411397419 Abdo Eick & Meyers LLP 100 Warren St Ste 600 Mankato MN 56001 990 2017-07-01 460977989 Technical Academies of Minnesota TECH 3202625640 1705 16th St NE Willmar MN 56201 Michaela Bengtson Interim Chair 3202625640 2019-05-01 1 Thomas J Olinger CPA P00743407 5076252727 2019-05-01 64.88.174.3 2019-05-01 11:30:02 CD P 702802D860069F02664BA60D044EB13B825E5293 B98259601918751E3EAE160D43562E49B7C09489 2017 2019-02-21 02:37:17Z Michaela Bengtson 1705 16th ST NE Willmar MN 56201 1941063 0 X www.technicalacademies.org X 2012 MN To provide innovative educational opportunities and develop career pathways for young adults in partnership with the public and private sector. The Technical Academies will seek to fulfill the talent needs of industry and service. 7 4 0 30 0 0 2199929 1930781 5832 3525 1844 82 0 6675 2207605 1941063 0 0 0 0 81116 121412 0 0 0 1899288 1932262 1980404 2053674 227201 -112611 865029 805299 86907 139788 778122 665511 To provide innovative educational opportunities and develop career pathways for young adults in partnership with the public and private sector. The technical academies will seek to fulfill the talent needs of industry and service. 0 0 1735930 10200 Our vision is to create technical academies that foster competencies, creativity, confidence and purpose resulting in successful leaders and citizens for Minnesota's future. During the year we provided benefits to approximately 126 students. 1735930 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 1 0 0 0 0 0 0 0 0 0 0 0 X 7 4 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 MN X The Organization 3202625640 1705 16th St NE Willmar MN 56201 X Sue Blumhoefer Chair 1.00 X X 0 0 0 Mike Millerbernd Vice Chair/Acting Chair 1.00 X X 0 0 0 Elise Hageman Recorder 1.00 X X 0 0 0 Dan Swenson Treasurer 1.00 X X 0 0 0 Jim Barnes Member 1.00 X 0 0 0 Billie Johnson Member 1.00 X 0 0 0 Michaela Bengtson Member 1.00 X 0 0 0 0 0 0 0 0 0 0 EdVisions Schools Inc 501 Main Street Henderson MN 56044 Educators and management 1026706 1 1915305 15476 1930781 Charges for Services 611600 2594 2594 Medical Assistance 611600 931 931 3525 82 82 Miscellaneous Revenue 900099 6675 6675 6675 1941063 10200 0 82 X 94534 87887 6647 7277 6768 509 12613 12375 238 6988 6484 504 11778 11778 1357157 1099079 258078 5860 223 5637 17857 9214 8643 586 586 413109 413109 15158 10699 4459 24492 24492 13729 13729 Supplies/Textbooks/Work 38799 38799 Sponsor Fees/Membership 20264 20264 Field Trips 7174 7174 Furniture/Equipment 3333 3333 2966 1979 987 2053674 1735930 317744 0 458062 455889 245162 187597 4866 38126 54096 160837 57986 123679 102851 865029 805299 82825 139788 4082 86907 139788 X 778122 665511 778122 665511 865029 805299 -112611 0 X X 0 1 X 1 0 X 160837 57986 102851 102851 X 1941063 0 1941063 0 1941063 2053674 0 2053674 0 2053674 Part X, Line 2: Income Taxes The Charter School is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. The Charter School also qualifies as a tax-exempt organization under applicable statutes of the State of Minnesota. Management believes that it is not reasonably possible for any tax position benefits to increase or decrease significantly over the next 12 months. As of June 30, 2018, there were no income tax related accrued interest or penalties recognized in either the statement of financial position or the statement of activities. The Charter School files informational returns in the U.S. federal jurisdiction, and in the Minnesota state jurisdiction. U.S. federal returns and Minnesota returns for the prior three fiscal years are closed. No returns are currently under examination in any tax jurisdiction. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 6 The Organization receives financial assistance from the US Department of Education and the Minnesota Department of Education. Form 990, Part VI, Section A, line 3 Technical Academies of Minnesota utilized a contracted education-based service organization through June 30, 2018 to provide staff and support for the education of students. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent accounting firm and reviewed by the school's Board Chair and financial manager. The reviewed draft of the Form 990 is provided to the board electronically prior to filing with the IRS. Form 990, Part VI, Section B, line 12c The organization annually evaluates all conflict of interest policies submitted by board members and employees. The organization's policies are communicated annually to the board and employees and to new board members and employees upon joining the organization. Form 990, Part VI, Section C, line 19 The organization makes its public documents available upon request. Form 990, Part IX, line 11g Contracted Services - Educators: Program service expenses 966,203. Management and general expenses 0. Fundraising expenses 0. Total expenses 966,203. Contracted Services - Special Education: Program service expenses 97,781. Management and general expenses 0. Fundraising expenses 0. Total expenses 97,781. Contracted Services - Consulting/Other: Program service expenses 31,957. Management and general expenses 0. Fundraising expenses 0. Total expenses 31,957. Contracted Services - Staff: Program service expenses 3,138. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,138. Contracted Services - Financial/Business: Program service expenses 0. Management and general expenses 217,619. Fundraising expenses 0. Total expenses 217,619. Contracted Services - Business/Planning: Program service expenses 0. Management and general expenses 40,459. Fundraising expenses 0. Total expenses 40,459. Form 990, Part XII, Line 2c: The Board of Directors assumes responsibility for the oversight of the audit as well as the selection of the independent auditor.